Indiabulls Real Estate hits 4-month low on Q3 loss

Embassy Developments

27/01/2022 04:28

** Shares of real estate developer  INRL.NS  fall as much as
8.6% to 137.45 rupees, lowest since Sept 2021
    ** Co on Tuesday reported a loss of 872.2 million rupees 
($11.60 million), vs a yr-ago profit of 805.9 mln rupees, as
sales fell more than 50%  urn:newsml:reuters.com:*:nFWN2U50O2
    ** About 6.2 mln shares change hands vs 30-day avg of 10.2
mln shares
    ** INRL shares down 11.2% in Jan after gaining 92% in 2021
    
    
($1 = 75.1800 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))